Solarium Green Energy Limited is coming up with an IPO with a fresh issue of 54,99,600 shares worth INR 105.04 crores. The company aims to meet working capital requirements and general corporate purposes.

Solarium Green IPO – Important Dates 

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Solarium Green Energy Limited IPO – Company Profile 

Solarium Green Energy Limited provides turnkey solar solutions, including design, engineering, procurement, construction, commissioning, and O&M for residential, C&I, government projects, and solar product sales. 

Their turnkey EPC contracts cover many services, including site assessment, plant configuration, technology evaluation, risk analysis, detailed engineering, supply chain and workforce management, and comprehensive O&M services like panel testing, repairs, and inspections. 

With their scale, expertise, and team of 253 employees, they deliver projects on time and cost-effectively. Their in-house engineering team ensures quality, with 12 dedicated O&M personnel for completed projects. 

Solarium Green Energy Ltd IPO Fundamental Analysis 

Solarium Green Energy Limited’s financial analysis reveals a mixed performance. Revenue increased year-over-year and showed growth in the current period. Equity, liabilities, and assets increased, while profitability, EPS, and liquidity improved despite lower RoNW and inventory turnover. 

• Revenue Trend: The revenue increased from ₹9,878.98 lakhs in March 2023 to ₹17,739.69 lakhs in March 2024. The revenue for the current year’s 6-month period ending September 2024 is INR 8,199.85 lakhs.
• Equity and Liabilities: Both equities and liabilities have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing. 
• Profitability: The profit after tax (PAT) has significantly increased from ₹173.86 lakhs in March 2023 to ₹755.43 lakhs by September 2024. This improvement in profitability could be a source of confidence among investors. 
• Earnings per Share (EPS): The diluted EPS has risen from ₹1.16 in March 2023 to ₹4.96 by September 2024, reflecting higher earnings per share for investors. 
• Return on Net Worth (RoNW): The RoNW has reduced from 36.69% to 22.80%, indicating a decrease in the company’s ability to generate returns on shareholder equity. 
• Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations. 
• Inventory Turnover Ratio: There’s a significant decrease in the Inventory Turnover   Ratio, which might suggest slower sales or inefficient inventory management. 

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Solarium Green IPO Financial Analysis 

Solarium Green Energy Limited IPO Peer Comparison 

Solarium Green Energy Limited, Zodiac Energy Limited, and Oriana Power Limited operate with varying financial structures. Solarium and Oriana report consolidated figures, while Zodiac’s data is standalone, reflecting differences in profitability, equity, and operational efficiency. 

Solarium Green Energy Ltd IPO Objective 

The main objective of Solarium Green Energy Limited is to meet working capital requirements. 

1. To Meet Working Capital Requirements: The company intends to utilise INR 71 crores from the Net Proceeds of the Issue to meet growing working capital needs, driven by expanding turnkey solar projects, government tenders, residential rooftop installations, and increasing operational demands. 

2. General Corporate Purposes: The company will deploy the balance of funds for general corporate purposes, including hiring personnel, strategic alliances, growth opportunities, debt servicing, capital expenditure, additional working capital, strategic initiatives, and other business contingencies. 

Solarium Green IPO Risks And Challenges 

Solarium Green Energy Limited’s risk includes dependency on Gujarat for substantial revenue, supplier concentration leading to potential supply issues, and challenges in bidding for renewable energy projects, which could affect profitability and project outcomes. 

• The company generates substantial revenue from Gujarat, accounting for a significant percentage over the years. Its expansion strategy includes increasing domestic presence through new offices and warehouses in states like Uttar Pradesh, Maharashtra, and Rajasthan. 

• Relying on a limited number of suppliers for key raw materials exposes the business to potential supply restrictions or quality issues, which could delay projects, affect profitability, and hurt operations. 

• Bidding for renewable energy projects involves risks like cost miscalculations, unforeseen expenses, and regulatory hurdles, which could impact profitability and project outcomes. However, no significant issues have occurred in the last three years. 

Solarium Green Energy Ltd IPO – Industry & Market Potential 

Global solar market growth is forecasted at 22%, reaching 544 GW in 2024, with China playing a critical role. Projections for future years include 614 GW in 2025, 687 GW in 2026, 773 GW in 2027, and 876 GW in 2028. 

India aims to meet growing energy demands with a robust electricity system. By 2026-27, non-fossil capacity will reach 57.4%, expanding to 68.4% by 2031-32. Projections estimate 609.5 GW by 2026-27 and 900.4 GW by 2031-32. 

With a target of 500 GW of non-fossil fuel energy by 2030, India is the 3rd largest energy consumer globally. Its renewable capacity is 203.19 GW, including 85.47 GW of solar, aiming for net-zero emissions by 2070. 

Solarium Green Energy Limited IPO – Type of Offer 

Solarium Green Energy Limited is coming up with an IPO with a fresh issue of 54,99,600 shares worth INR 105.04 crores. The company aims to meet working capital requirements and general corporate purposes. 

Solarium Green IPO Offer Size 

The offer size of Solarium Green Energy Limited is INR 105.04 crores, consisting of a fresh issue of 54,99,600 shares. The company aims to meet working capital requirements and general corporate purposes. 

Solarium Green Energy Limited IPO Allotment Structure 

Solarium Green Energy Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 2,86,800 shares are reserved for market makers. 

● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.

● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.

● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs. 

● Market Maker Reservation: A portion of shares, i.e. 2,86,800 shares, are reserved for market makers. 

How to apply for Solarium Green Energy IPO?

To apply for the Solarium Green Energy Limited IPO through Alice Blue, follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.

1. Check for IPO Details: Once your account is active, you can check for the Solarium Green Energy Limited IPO details in the IPO section of the Alice Blue platform.
2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
3. Submit the Application: Confirm all your details and submit your application.

 You can apply for the Solarium Green Energy Limited IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

How do you check Solarium Green Energy IPO Allotment Status?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Solarium Green Energy Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Solarium Green Energy Limited IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

 If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance. 

 Apart from Alice Blue, there are other ways to check the allotment status of the Solarium Green Energy Limited IPO:

● Registrar’s Website: Visit the website of Link Intime India Private Limited, the registrar of the Solarium Green Energy Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.

● BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status. 

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.

Solarium Green Energy Ltd IPO Offer Registrar

The registrar for the Solarium Green Energy Limited IPO is Link Intime India Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar: 

LINK INTIME INDIA PRIVATE LIMITED

C- 101, 1st Floor, 247 Park, L.B.S Marg, 

Vikhroli (West), Mumbai – 400083,

Maharashtra, India

Telephone: +91 810 811 4949, 

Email: [email protected]

Website: www.linkintime.co.in 

Solarium Green IPO – FAQs